Is there a levered SPX ETF that only rebalances monthly? Thinking of something like $dxslx but not expensive and exchange traded
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Why would anyone trade that?
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I'm mostly wondering because this feels like a weird gap in the ETF market to me? So many garbo meme ETFs and no monthly levered index fund seems odd!
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Why would you want a monthly rebal though? If I buy $1mm of a 3x etf, I want $3mm worth of exposure, not more or less depending if the underlying went up or down before rebalance. Sure someone who buys right at rebal gets 3x return over the month, but not someone who buys after
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New conversation -
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Guess trading without knowing your true gross exposure is exciting in a "exciting for finance" sort of way.
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